I’m sure AWS’s margins are growing on S3, but to be fair, S3 is more than just raw storage. The majority of the cost and value is the API and the ever-growing f

I’m sure AWS’s margins are growing on S3, but to be fair, S3 is more than just raw storage. The majority of the cost and value is the API and the ever-growing features it provides. Those aren’t getting cheaper nearly as fast as the underlying storage hardware is.